NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

S&P 500 Prints Signal Seen Before March’s Crash: Will Bitcoin Suffer?

Nick Chong
Nick Chong
1 year ago
3 mins read
Bitcoin price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin’s price action has become increasingly dependent on that of the S&P 500 over recent months.

The correlation is so strong that it has been observed by analysts who do not actively watch the cryptocurrency space, such as a team at JP Morgan. Data shared by analysts suggest the correlation between these two markets is at all-time highs.

Chart of BTC and SPX from TradingView.com

Although some have made the argument that this trend is bullish for Bitcoin, stocks are printing potential reversal signs. Should the correlation continue to hold, any correction in the stock market could spell disaster for cryptocurrencies.

Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH

Bitcoin Could Suffer as U.S. Stocks Print Reversal Signs

Since the lows of March 2020, stocks around the world have marked explosive comebacks. Due to a combination of positive economic indicators, monetary stimulus, and increased retail participation, there are now companies trading higher than they were in February.

Take Amazon, for instance, which passed $3,000 per share earlier this month in a historic fashion. There’s also Tesla, which now has a market capitalization of around $300 billion, making it one of the world’s largest public companies.

Stocks may soon suffer a retracement, though, according to Thomas Thornton. The CEO of Hedge Fund Telemetry, who predicted Bitcoin’s 2019 bottom of $6,400, shared the chart below on Jul. 23. Attached was the comment:

“$SPX and NYSE Composite advance-decline cumulative breadth with upside DeMark sell Countdown 13’s. Price reversals after these signals have been good over the years.”

Image

Chart of Bloomberg's cumulative advance-decline line for the S&P 500 with the TD Sequential from trader Thomas Thornton.

The chart suggests that a derivative of the S&P 500 is printing the exact same sign seen prior to the index’s 40% crash in March 2020.

The Nasdaq has printed a bearish sign of similar importance. Financial research firm Sentimentrader commented earlier this month that the Nasdaq 100 index just printed the exact same signal last formed at the peak of the Dotcom boom:

“The Nasdaq 100 rallied more than 2% intraday to set an all-time high, then reversed to close down by more than 1%. It’s done that twice. Today was one. March 7, 2000 was the other.”

These two indicators are important to Bitcoin as a drop in stocks could ruin the ongoing cryptocurrency breakout to the upside.

The Federal Reserve Will Save the Day? 

Despite these harrowing signs, the Federal Reserve and the U.S. government may be able to prevent another stock market decline.

U.S. Treasury Secretary Steven Mnuchin said this week that the next stimulus bill will start at $1 trillion. And the Federal Reserve is expected to deliberate on more monetary stimulus for the economy in the weeks ahead.

Any move to inject more capital into the economy, either through fiscal or monetary measures, could help boost stocks.

Related Reading: Why Regulators Allowing US Banks to Hold Bitcoin Is So Positive for Crypto
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
S&P 500 Prints Signal Seen Before March's Crash: Will Bitcoin Suffer?
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin news

The Bitcoin Bull Run Cracks If $98,000 Is Lost, Ostium Labs Warns

Ostium Labs argues that Bitcoin’s uptrend remains intact after August’s reversal, but it draws a bright red line at $98,000....

Jake Simmons 1 hour ago

CoinPoker เปิดตัวซีรีส์ CSOP ประจำฤดูใบไม้ร่วงครั้งใหญ่ที่สุดในประวัติศาสตร์ ด้วยเงินรางวัลรับประกัน 6 ล้านดอลลาร์ ระหว่าง วันที่ 7 – 29 กันยายน

เมื่อวันที่ 5 สิงหาคม 2025 ที่ผ่านมา CoinPoker เว็บไซต์โป๊กเกอร์คริปโตชั้นนำของโลก ภูมิใจประกาศเปิดตัว Coin Series of Online Poker (CSOP) ครั้งใหญ่ที่สุดเท่าที่เคยมีมา ด้วยการเปิดตัว CSOP Fall 2025 จะจัดขึ้นระหว่างวันที่...

newsbtc 2 hours ago
Ethereum, ETH, Crypto

No Ethereum Rally Until Q4? Analyst Eyes Choppy September Before New Highs

As the crypto market continues to struggle, Ethereum (ETH) is attempting to hold a crucial zone as support to resume...

Rubmar Garcia 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

cronos

Cronos cenová predikce: Cena CRO raketově vyletěla po investici Donalda Trumpa

Lenka Hanzlíková 6 minutes ago
Bitcoin

No Fireworks, Just Grind: Bitcoin Could Drift To $1M Over 7 Years: Analyst

Christian Encila 39 minutes ago

CSOP Mùa Thu 2025 – Chuỗi Sự Kiện Lớn Nhất Của CoinPoker

hhduy 59 minutes ago

Premium Sponsors

Press Releases

  • A legjobb mémérmék ICO-ban, amelyeket érdemes megvásárolni a 2025-ös altcoin szezon előtt

    A legjobb mémérmék ICO-ban, amelyeket érdemes...

    6 minutes ago
  • Sljedeći meme coin sa 100× potencijalom u presaleu?...

    48 minutes ago
  • Arthur Hayes otkriva 3 altcoina s potencijalom za 100× do 2028

    Arthur Hayes otkriva 3 altcoina s potencijalom za 100× do...

    1 hour ago
  • LinkLogis Partners with XRP Ledger: DOT Miners Create Up to...

    11 hours ago
  • Arthur Hayes 3 altcoint fedez fel 100-szorosra 2028-ra

    Arthur Hayes 3 altcoint fedez fel 100-szorosra 2028-ra

    13 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.